Topic: ICONOMI - Live for today. Invest for tomorrow. - page 7. (Read 583522 times)

Why are they sending us ETHs?

Sorry was not active on this thread for a really long time what am I missing?

Airdrop is not bad for us in any case. It positive news.

Interesting. I wonder why they chose ICONOMI to take part in the airdrop? When can the tokens be claimed?

5.000.000 EXM - it's 0.05 EXM per 1 ICN. Not bad rate consider they given 1 EXM per 1 ETH.

Here comes the puppet of ICN who thinks that what ICN is giving is good, If you were the early investor or bought on high and now you are getting like peanuts then only you will feel the pain of the ICN investors who are in heavy loss due to ICN policy.

You are one of the ICN alt or puppet who just come to comment without knowing the true story.

In January as far as I know.

Has anyone recieved their Ether yet? When will that be deposited?

Yea i feel sad for you Americans, at least you guys all got something from the Elon Musk 20 million right? Iconomi at least gave you a way out (ether option) dont be sad you guys.

And what exactly can US do to companies outside of US? Not much, I would assume. They can only forbid Jani to enter USA again? I mean its not the case where Jani and Tim would be chased as criminals.

And maybe ICN was launched before the SEC opinion that ICO should be securities?

I agree with you, if i am not wrong around more then 30% investors are from US and still more then 10% of them are holding coins. So i think if the proceedings should start soon, then they can be caught now if not they are smart enough to get clear from this charges.

Hi

Yes, you need to be the owner of the address you're sending from.
You sent your ICN to their specific address.
Iconomi should send ETH equivalent on your address later.

Yeah, just because you are in a different country doesn't exempt you from these laws, especially when you market to US investors. The premise that Iconomi raised money on is ICN being purely a security. Then they took the money from investors and paid themselves. This is a scam.

The only thing is, SEC cannot bring criminal charges against these founders, but other agencies can.

Am sure plenty of US based investards who threw money at Jani's ICO beg to differ.

There were quite a few if memory serves me right.

Good luck.

 

SEC can go fuck itself. Doesn't apply to this project.
Only US start-ups and investors should be concerned.

https://www.sec.gov/news/press-release/2018-264


Washington D.C., Nov. 16, 2018 —
The Securities and Exchange Commission today announced settled charges against two companies that sold digital tokens in initial coin offerings (ICOs).  These are the Commission’s first cases imposing civil penalties solely for ICO securities offering registration violations.  Both companies have agreed to return funds to harmed investors, register the tokens as securities, file periodic reports with the Commission, and pay penalties.

According to the SEC’s orders, both CarrierEQ Inc. (Airfox) and Paragon Coin Inc. conducted ICOs in 2017 after the Commission warned that ICOs can be securities offerings in its DAO Report of Investigation.  Airfox, a Boston-based startup, raised approximately $15 million worth of digital assets to finance its development of a token-denominated “ecosystem” starting with a mobile application that would allow users in emerging markets to earn tokens and exchange them for data by interacting with advertisements.  Paragon, an online entity, raised approximately $12 million worth of digital assets to develop and implement its business plan to add blockchain technology to the cannabis industry and work toward legalization of cannabis. Neither Airfox nor Paragon registered their ICOs pursuant to the federal securities laws, nor did they qualify for an exemption to the registration requirements.

“We have made it clear that companies that issue securities through ICOs are required to comply with existing statutes and rules governing the registration of securities,” said Stephanie Avakian, Co-Director of the SEC’s Enforcement Division.  “These cases tell those who are considering taking similar actions that we continue to be on the lookout for violations of the federal securities laws with respect to digital assets.”

“By providing investors who purchased securities in these ICOs with the opportunity to be reimbursed and having the issuers register their tokens with the SEC, these orders provide a model for companies that have issued tokens in ICOs and seek to comply with the federal securities laws,” said Steven Peikin, Co-Director of the SEC’s Enforcement Division.

Today’s cases follow the Commission’s first non-fraud ICO registration case, Munchee, Inc.  The Commission did not impose a penalty or include undertakings from Munchee, which stopped its offering before delivering any tokens and promptly returned proceeds to investors.

The orders impose $250,000 penalties against each company and include undertakings to compensate harmed investors who purchased tokens in the illegal offerings.  The companies also will register their tokens as securities pursuant to the Securities Exchange Act of 1934 and file periodic reports with the Commission for at least one year.  Airfox and Paragon consented to the orders without admitting or denying the findings.

The investigation into Paragon was conducted by Pamela Sawhney of the Enforcement Division’s Cyber Unit and was supervised by Robert A. Cohen, Chief of the Cyber Unit.  The investigation into AirFox was conducted by Colin D. Forbes, Emily R. Holness, and Michael J. Vito and supervised by Celia D. Moore, Amy S. Gwiazda, and John T. Dugan of the Boston Regional Office.  The SEC appreciates the assistance of the Massachusetts Securities Division.





Hello you cunts. long time no see.

ICOs are starting to get rekt by the SEC

Hope Jani has enough money stashed for refunds.

 

I tried to convert my icn to ETH and the system indicated that I should sent my ICN to some specific address that I dont own?  WTF?
Then in the small letter it says that you should be the owner of the keys for that address!
Any one knows what the fuck is going on with this ICN to ETH conversion?

Much has changed since the days of the ICO. Utility tokens are a thing of the past and that, especially when we are talking about a crowdsale and Howey test - 95%+ of coins are securities. That is why I applaud the decision of Iconomi for this brave step.

I have some doubts regarding the way and intent of the transformation, but I will first need to give them a chance.

we can say now that they chose the failure:
-not sticking with their suscribers at ico !
-changing greatly the functioning principles !
-taking a financial partner in order to join some financial market, then breaking with this partner !

They are least worried about the coin investors as they got required investment what they wanted and now they are utilising it in their way that they are only getting benefit. They are now least bother about the old commitments meant when they started with this project. And now this is totally failure itself.

OK i know that, but we may also have some exigences, they exist with our money and must recognize it.

eventually they could hold their promises, if not they will slowly disappear.